New Capital Management LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 7, 2024), New Capital Management LP reported 52 stock positions worth $354.3 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 28.6% of the portfolio, followed by Dimensional World Ex US Core (DFAX, 16.7%) and Berkshire Hathaway Class B (BRK.B, 15.7%). Compared with Q2 2024, it opened 1 new position, sold out of 3, added to 21 and reduced 11. The biggest buy was Dimensional US Core Equity 2 (DFAC, shares +6%) and the biggest sale iShares Core U.S. Aggregate (AGG, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- HOUSTON, TX
- CIK
- 0001696731
- Portfolio Value
- $354.3M (Q3 2024)
- SEC Filing
- 0001696731-24-000004 ↗ filed Oct 7, 2024
Holdings Value
Holdings 52 stocks · $354.3M
| DFAC Dimensional US Core Equity 2 | 28.63% | 2,958,467 | $101.4M | Add +5.8% |
| DFAX Dimensional World Ex US Core | 16.73% | 2,194,700 | $59.3M | Add +2.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 15.73% | 121,051 | $55.7M | Add +1.3% |
| AAPL Apple Inc. | 5.48% | 83,267 | $19.4M | Reduce -0.2% |
| AGG iShares Core U.S. Aggregate | 3.76% | 131,531 | $13.3M | Reduce -4.9% |
| DFSU Dimensional US Sus CORE1 ETF | 3.29% | 313,831 | $11.7M | Add +0.4% |
| STIP iShares 0-5 Year Tips Bond E | 3.11% | 108,781 | $11.0M | Reduce -3.0% |
| DFCF Dimensional Core Fixed Inc. | 2.94% | 241,361 | $10.4M | Add +0.1% |
| PEP Pepsico Inc. | 2.80% | 58,305 | $9.9M | Add +0.0% |
| DFGR Dim Global Real Estate ETF | 2.48% | 304,702 | $8.8M | Add +3.2% |
| IAGG iShares Intl Aggregate Bond | 1.88% | 128,637 | $6.7M | Reduce -2.1% |
| DFSI Dimensional Int Sus COR1 ETF | 1.41% | 140,052 | $5.0M | Reduce -1.0% |
| TFLO iShares Treasury Floating Ra | 1.21% | 85,026 | $4.3M | Reduce -1.0% |
| MSFT Microsoft Corp. | 1.00% | 8,267 | $3.6M | Add +0.2% |
| SHV iShares 0-1 Year Treasury Bo | 0.92% | 29,564 | $3.3M | Add +0.8% |
| SHY iShares 1-3 Year Treasury Bo | 0.85% | 36,127 | $3.0M | Add +0.9% |
| BSV Vanguard Short-Term Bond ETF | 0.84% | 37,602 | $3.0M | Add +4.2% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.58% | 57,794 | $2.0M | Reduce -0.1% |
| VUSB Vanguard Ultra Short Bond Et | 0.56% | 39,751 | $2.0M | Reduce -1.3% |
| JPST JPMorgan Ultra-Short Income | 0.46% | 32,105 | $1.6M | Reduce -1.4% |
| AMZN Amazon.com Inc. | 0.43% | 8,172 | $1.5M | Add +0.0% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.40% | 27,753 | $1.4M | Add +0.4% |
| KIM Kimco Realty Corp. | 0.38% | 58,320 | $1.4M | No change |
| VT Vanguard Tot World STK ETF | 0.36% | 10,554 | $1.3M | Add +1.7% |
| YUM Yum! Brands Inc. | 0.34% | 8,662 | $1.2M | No change |
| MA Mastercard Inc. Class A | 0.30% | 2,142 | $1.1M | No change |
| META Meta Platforms Inc. Class A | 0.26% | 1,608 | $920K | No change |
| COST Costco Wholesale Corp. | 0.22% | 884 | $784K | No change |
| ABBV Abbvie Inc. | 0.17% | 3,000 | $592K | No change |
| ICSH iShares Ultra Short Duration | 0.17% | 11,525 | $585K | Add +0.1% |
| XOM Exxon Mobil Corp. | 0.16% | 4,975 | $583K | Reduce -4.3% |
| ACWI iShares MSCI Acwi ETF | 0.16% | 4,649 | $556K | Add +0.0% |
| AOR iShares Core 60/40 Balanced | 0.15% | 9,146 | $542K | Add +2.4% |
| NFLX Netflix Inc. | 0.15% | 738 | $523K | No change |
| GOOG Alphabet Inc. Class C | 0.14% | 3,060 | $512K | No change |
| GOOGL Alphabet Inc. Class A | 0.14% | 3,064 | $508K | Add +1.3% |
| SGOV iShares 0-3 Month Treasury B | 0.14% | 4,777 | $481K | Add +0.2% |
| VOO Vanguard S&P 500 ETF | 0.13% | 866 | $457K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.13% | 922 | $450K | No change |
| MELI MercadoLibre Inc. | 0.12% | 200 | $410K | No change |
| YUMC Yum China Holdings Inc. | 0.11% | 8,853 | $399K | No change |
| HD Home Depot Inc. | 0.09% | 779 | $315K | Add +0.9% |
| EEM iShares MSCI Emerging Market | 0.08% | 6,493 | $298K | No change |
| NEAR iShares SH Dba ETF Usd Inc. | 0.08% | 5,580 | $286K | No change |
| AOA iShares Core 80/20 Aggressiv | 0.08% | 3,470 | $274K | Add +1.5% |
| TMO Thermo Fisher Scientific Inc. | 0.08% | 433 | $268K | No change |
| SHYM iShares Short Duration High | 0.07% | 11,160 | $259K | No change |
| AON Aon PLC Class A | 0.07% | 741 | $256K | No change |
| AZO AutoZone Inc. | 0.07% | 75 | $236K | No change |
| CBT Cabot Corp. | 0.06% | 2,000 | $224K | New |
| CSX CSX Corp. | 0.06% | 6,453 | $223K | Reduce -18.1% |
| WBD Warner Bros Discovery Inc. | 0.03% | 12,700 | $105K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| AGG iShares Core U.S. Aggregate | Reduce -4.9% | 3.76% | −0.36 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -3.0% | 3.11% | −0.31 |
| BRK.A Berkshire Hathaway Inc. Class A | Sold out | 0.00% | −0.19 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.18 |
| IAGG iShares Intl Aggregate Bond | Reduce -2.1% | 1.88% | −0.13 |
| TFLO iShares Treasury Floating Ra | Reduce -1.0% | 1.21% | −0.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.07 |
| VUSB Vanguard Ultra Short Bond Et | Reduce -1.3% | 0.56% | −0.05 |
| JPST JPMorgan Ultra-Short Income | Reduce -1.4% | 0.46% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -4.3% | 0.16% | −0.02 |
| CSX CSX Corp. | Reduce -18.1% | 0.06% | −0.02 |
| DFSI Dimensional Int Sus COR1 ETF | Reduce -1.0% | 1.41% | −0.02 |
| DFSE Dimensional Em Sus CORE1 ETF | Reduce -0.1% | 0.58% | −0.02 |
| AAPL Apple Inc. | Reduce -0.2% | 5.48% | +0.08 |
Portfolio Buys Q2 2024 → Q3 2024
| DFAC Dimensional US Core Equity 2 | Add +5.8% | 28.63% | +0.99 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.3% | 15.73% | +0.81 |
| DFGR Dim Global Real Estate ETF | Add +3.2% | 2.48% | +0.22 |
| CBT Cabot Corp. | New | 0.06% | +0.06 |
| DFAX Dimensional World Ex US Core | Add +2.6% | 16.73% | +0.06 |
| HD Home Depot Inc. | Add +0.9% | 0.09% | +0.01 |
| AOA iShares Core 80/20 Aggressiv | Add +1.5% | 0.08% | −0.00 |
| AOR iShares Core 60/40 Balanced | Add +2.4% | 0.15% | −0.00 |
| VT Vanguard Tot World STK ETF | Add +1.7% | 0.36% | −0.00 |
| ACWI iShares MSCI Acwi ETF | Add +0.0% | 0.16% | −0.00 |
| SGOV iShares 0-3 Month Treasury B | Add +0.2% | 0.14% | −0.01 |
| ICSH iShares Ultra Short Duration | Add +0.1% | 0.17% | −0.01 |
| BSV Vanguard Short-Term Bond ETF | Add +4.2% | 0.84% | −0.01 |
| GOOGL Alphabet Inc. Class A | Add +1.3% | 0.14% | −0.03 |
| JMST JPM Ultra-Short Muni Income | Add +0.4% | 0.40% | −0.03 |
| SHY iShares 1-3 Year Treasury Bo | Add +0.9% | 0.85% | −0.05 |
| DFSU Dimensional US Sus CORE1 ETF | Add +0.4% | 3.29% | −0.05 |
| AMZN Amazon.com Inc. | Add +0.0% | 0.43% | −0.05 |
| SHV iShares 0-1 Year Treasury Bo | Add +0.8% | 0.92% | −0.07 |
| MSFT Microsoft Corp. | Add +0.2% | 1.00% | −0.13 |
| DFCF Dimensional Core Fixed Inc. | Add +0.1% | 2.94% | −0.13 |
| PEP Pepsico Inc. | Add +0.0% | 2.80% | −0.15 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 60 | $439.0M | DFAC, DFAX, BRK.B, AAPL, EBI |
| Q1 2026 | 59 | $405.7M | DFAC, DFAX, BRK.B, AAPL, EBI |
| Q4 2025 | 55 | $398.1M | DFAC, DFAX, BRK.B, AAPL, EBI |
| Q3 2025 | 54 | $381.7M | DFAC, DFAX, BRK.B, AAPL, EBI |
| Q2 2025 | 56 | $358.3M | DFAC, DFAX, BRK.B, AAPL, EBI |
| Q1 2025 | 50 | $348.5M | DFAC, BRK.B, DFAX, AAPL, BINC |
| Q4 2024 | 51 | $342.0M | DFAC, DFAX, BRK.B, AAPL, DFSU |
| Q3 2024 | 52 | $354.3M | DFAC, DFAX, BRK.B, AAPL, AGG |
| Q2 2024 | 54 | $325.9M | DFAC, DFAX, BRK.B, AAPL, AGG |
| Q1 2024 | 57 | $334.9M | DFAC, DFAX, BRK.B, AGG, AAPL |